Do NNN companies want empty lot or does it matter?

[Joseph Parker]

I was discussing this with another investor this week, and thought I'd ask the BP community...

Do NNN corporations (fast food chains for example), typically lean towards looking for empty land, an existing vacant building or will they simply bulldoze and clear out any structure/s on a lot that meets their criteria for site development?

@Joel Owens do you have an opinion based on your experiences?

[Joel Owens]

it varies. Some want to buy the land as an end user and build their own space. Others want to ground lease or have you build and do NN or NNN lease.

Leasing they can save money to re-image existing stores and build new ones versus if money is tied up into land and building it can squeeze their capital to grow.